DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Wearable Electronic Devices Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2015-2023" report to their offering.
The global market for wearable electronic devices was valued at around USD 22.0 billion in 2016 and is expected to reach USD 97.8 billion by 2023, growing at a CAGR of around 24.1% during the forecast period of 2017 to 2023.
Furthermore, it contain advanced circuitry, wireless connectivity and at least a minimal level of independent processing capability. The global market for these wearable technology devices has been slowly growing since the 1970s and has recently exploded with the popularity of fitness trackers and smart watches. Much like the evolution of smartphones and tablets, wearable technology devices has been well received by early adopters and is now poised to grow into a leader of the consumer electronics market.
The categories include smart watches, head-mounted display, wearable cameras, bluetooth headset, wristband, smart clothing, chest strap, sports watch and others.
Key contributing factors for the growth of this market include increasing consumer preference for sophisticated devices, growing demand for IOT and connected devices, easy communication convenience, and significant growth prospects on next-generation displays in wearable devices through innovations. In addition, the potential for data collection with wearable technology and providing insight into user interaction, ever-growing number of apps, sleek designs in the areas of aesthetics, and rapid health monitoring with the help of these devices further expected to drive the market growth.
- Fitbit, Inc.,
- Apple Inc.,
- Xiaomi Technology Co. Ltd.,
- Samsung Electronics Ltd.,
- LG Electronics Inc.,
- Adidas Group,
- Sony Corporation,
- Epson America,
Key Topics Covered:
1 Scope of the report
2 Executive summary
4.1 Market overview
5 Global wearable electronic devices market, by type (value and volume), 2015-2023
6 Global wearable electronic devices market, by application , 2015-2023
7 Global wearable electronic devices market, by geography, 2015-2023
8 Company profiles
For more information about this report visit http://www.researchandmarkets.com/research/nrf9tj/wearable